National Bankshares Increases Bombardier, Inc. Class B (TSE:BBD.B) Price Target to C$95.00

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by investment analysts at National Bankshares from C$94.00 to C$95.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 65.65% from the company’s current price.

A number of other brokerages have also recently issued reports on BBD.B. Royal Bank of Canada set a C$95.00 price objective on shares of Bombardier, Inc. Class B and gave the company an “outperform” rating in a report on Thursday, April 4th. UBS Group boosted their price target on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. Scotiabank cut their price target on shares of Bombardier, Inc. Class B from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a report on Wednesday, April 10th. CIBC boosted their price target on shares of Bombardier, Inc. Class B from C$60.00 to C$61.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Desjardins cut their price target on shares of Bombardier, Inc. Class B from C$104.00 to C$103.00 in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Bombardier, Inc. Class B presently has a consensus rating of “Moderate Buy” and a consensus price target of C$81.38.

Bombardier, Inc. Class B Price Performance

Shares of TSE BBD.B opened at C$57.35 on Tuesday. The stock has a market capitalization of C$4.89 billion, a P/E ratio of 8.97, a P/E/G ratio of -0.13 and a beta of 2.96. The company has a 50-day moving average price of C$54.05 and a 200-day moving average price of C$51.13. Bombardier, Inc. Class B has a 1 year low of C$39.87 and a 1 year high of C$71.11.

Insiders Place Their Bets

In other Bombardier, Inc. Class B news, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of Bombardier, Inc. Class B stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total value of C$767,039.00. Insiders own 1.66% of the company’s stock.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.